Question 20 of 50 -/ 1 View Policies Current Attempt in Progress Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was...


Question 20 of 50<br>-/ 1<br>View Policies<br>Current Attempt in Progress<br>Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was<br>$1102000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows:<br>Inventory at<br>Cukrent<br>Date<br>Current Prices<br>Price Index<br>December 31, 2020<br>$1285000<br>107<br>December 31, 2021<br>1441000<br>125<br>December 31, 2022<br>1623000<br>130<br>What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO?<br>O $1156356.<br>O $1152800.<br>O $1149800.<br>O $1200935.<br>Save for Later<br>Attempts: 0 of 2 used<br>Submit Answer<br>II<br>

Extracted text: Question 20 of 50 -/ 1 View Policies Current Attempt in Progress Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1102000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Cukrent Date Current Prices Price Index December 31, 2020 $1285000 107 December 31, 2021 1441000 125 December 31, 2022 1623000 130 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? O $1156356. O $1152800. O $1149800. O $1200935. Save for Later Attempts: 0 of 2 used Submit Answer II

Jun 11, 2022
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